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MORTGAGE -006I
<br />ws Mortgage is entered into between Eugene W, Jeffres and Virginia A, Jeffres
<br />_ Husband and Wife (herein "Mortgagor") and
<br />rFIVE POINTS SANK (herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 8 X000.00 , evidenced by Mortgagor's note
<br />dated 2/4/86 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on 2/4/1991
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in a_,, County, Nebraska:
<br />The Westerly 660.0 feet of the Northerly 1,320.0 feet of the Northeast
<br />Quarter of Section 8, Township 12 North, Range 9 West of the 6th P.M.
<br />in Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents. issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />tobe amen of the Srealcestate secured by thellien of this Mortgage and all of the foregoing being referred to herein as the
<br />to be a part
<br />„prowr'ty
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property. except as may otherwise be set forth herein.
<br />❑ The Property is subject to a Mortgage wherein
<br />a —
<br />Page - - -- _ . of the Mortgage Records of _. County,
<br />is the Mortgagee, recorded at Book g _
<br />Nebraska, which Mortgage is lien prior to the lien created hereby.
<br />D tither prior liens or encumbrances:._ _.__ —.__ -- -- - -- --
<br />- - -- - - - -- -- --- - - - -- -
<br />S. Taxes, AK—nts. To pay when due all taxes, special assessments and all other charges against the Property
<br />under the Note secured hereby, such amount as
<br />and, upon written demand by Mortgagee, to add to the payments required
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />in and with companies acceptable to the
<br />against damage by fire and such other hazards as Mortgagee may require, amounts
<br />loss to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />Mortgagee, and with payable
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />hereby, but payments hereunder shall con-
<br />proceeds to the restoration of the Property or upon the indebtedness secured
<br />tinue until the sums secured hereby are paid in full.
<br />b. ❑ Eacrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />contrary, Mortgagor shaft Pay
<br />one - twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />to time by the Mortgagee. The amounts so paid shall be
<br />priority over this Mortgage, all as reasonably estimated from time
<br />held by the Modgagee. without interest and applied to the payment of the items in respect to which such amounts were
<br />security for the indebtedness secured by this
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional
<br />Mortgage. Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />�t
<br />6. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />Property in condition and repair, without waste, and free from mechanic's or
<br />tpr
<br />hereafter on the Property; to keep the good
<br />other liens not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />to comply with all requirements of law with
<br />ish or impair the value of the Property by any act or omission to act; and
<br />respert to the Property.
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